Which of the following accounting research approaches arose as a result of the perceived separation of interests in the modern corporation between management and ownership interests?

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Agency theory arose as a result of the perceived separation of interests in the modern corporation between management and ownership interests. This theory suggests that conflicts of interest between principal (owners) and agent (management) can be mitigated by designing compensation contracts that align the interests of the two parties.

Which of the Following Accounting Research Approaches Arose as a Result